Mallory Scaccetti, left, senior vice president, and Paige Jaffe, managing director, Jones Lang LaSalle, Philadelphia, PA
PHILADELPHIA, PA—Jones Lang LaSalle named Paige Jaffe a managing director, and Mallory Scaccetti a senior vice president to lead a new Retail Leasing practice in the Philadelphia Region.
“The building of a female-led service line of this caliber is a first in the Philadelphia Region for any commercial real estate firm, which showcases JLL's forward-thinking approach when it comes to diversity in a traditionally male-dominated industry,” says Naveen Jaggi, president of Retail Advisory Services and Capital Markets at JLL. “With a rapidly evolving retail mix in Philadelphia submarkets such as Market East, Rittenhouse, University City, and Schuylkill Yards, JLL has chosen a team that is not only the best in the market but breaks the traditional brokerage mold.”
Jaffe is an experienced Philadelphia broker specializing in both tenant and landlord representation. Throughout her career, Jaffe has worked across several high street markets including Philadelphia, New York City, Washington, DC, and Pittsburgh. During her career as a commercial real estate broker, she has worked with such retailers as Apple, Anthropologie, Urban Outfitters, and Warby Parker to bring their retail concepts to the city of Philadelphia.
Scaccetti is a broker with four years of experience in commercial real estate and extensive experience in upscale mixed-use projects in Philadelphia's Center City and the surrounding suburbs. Most notably, in 2018 Scaccetti worked on Brandywine Realty Trust's redevelopment of the almost seven-million-square-foot Schuylkill Yards location. Scaccetti was responsible for the mixed-use aspects of the project which included “eat-entertainment” destinations, community focused concepts, and retail space for innovative and progressive brands. Her focus on consumer behavior and tracking of developing brands makes her an expert for burgeoning retail brands looking to enter the Philadelphia market.
With the addition of leasing to its already strong property management, capital markets and project and development services retail platform, JLL Philadelphia says it is now positioned to be a dominant retail player in the region.
The addition of Jaffe and Scaccetti will allow JLL to provide truly comprehensive retail advisory and consulting and collaborate more effectively with the firm's Office Agency platform, especially in Center City where quality, ground-floor retail is a must in nearly every new project, renovation, or repositioning of an asset, the firm says.
The new team, with nearly 15 years of combined experience, will be overseen by Mike Morrone, executive managing director and Philadelphia market director, and work closely with Jaggi. They'll also interface with many other service line leads, such as Jim Galbally, Managing Director of Capital Markets, who already has a strong focus on retail, to enhance retailer and investor needs in the region.
“We have been focused on deepening our client service in retail as the Philadelphia market has a great deal of retail momentum,” says Morrone. “With the renewed focus on redevelopment in the region, there is a significant need for powerhouse brokers with in-depth knowledge of the Philadelphia market.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
